Crypto exchange giant Kraken is adding a slew of altcoins to its listing roadmap, signaling upcoming additions to its suite of products. On its updated listing roadmap – which is typically used for transparency and to prevent the front-running of tokens prior to them being listed – the second-largest crypto exchange platform in the US […]
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According to Bernie Bloom, overcoming the blockchain trilemma requires building storage solutions that scale to exabytes and integrate seamlessly with smart contracts. Bloom, a serial entrepreneur and co-founder of Xandeum Labs, argues that this is essential for the “wholeness” of smart contract blockchains. Storage: A Key to Resolving the Blockchain Trilemma In written responses shared […]
Applications range from digital storage to energy markets, the report said, while pointing to significant use cases for the technology.
Decentralized physical infrastructure networks (DePINs) will be Web3’s “next big use case,” with the potential to onboard “a significant number of new users to the crypto space,” according to a Sept. 5 report by MV Global, a Web3 investing firm.
“Real-world adoption has accelerated with hundreds of thousands of users of multiple individual protocols,” MV Global said. “[T]his is only the start of what we think will be a massive wave of growth… not only for current Web3 users but also for Web 2 converts.”
DePINs are blockchain protocols aimed at decentralizing real-world infrastructure and systems, including communications networks, data warehouses, energy markets, and more. According to MV Global, the ecosystem currently comprises upward of 1,000 projects and represents more than $50 billion in aggregate market capitalization.
Bitcoin price climbs back above $60,000, opening the door for KAS, MKR, AR and NOT to move higher.
Bitcoin (BTC) has been in a sideways price action for months. The bears pulled the price below the range, but their failure to sustain the breakdown on July 8 shows that selling dries up at lower levels. That attracted buying from the aggressive bulls who aim to keep the price inside the range for some more time.
Farside Investors data shows inflows of $310 million into United States-based spot Bitcoin exchange-traded funds on July 12, the highest inflows since June 5. The inflows suggest that the market participants are building positions as they believe a short-term bottom is in place.
Bitcoin’s recovery is expected to improve sentiment and lift the cryptocurrency markets higher. Select altcoins that are close to or have crossed their overhead resistance levels are likely to lead the rally.
A popular crypto trader thinks artificial intelligence (AI) altcoins are primed to do well in the latter part of this year despite underperforming in the past couple of weeks. The pseudonymous analyst known as Altcoin Sherpa tells his 216,800 followers on the social media platform X that he’s looking at decentralized graphics processing unit (GPU) […]
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Bitcoin price action could remain sideways for longer, but BNB, AR, XMR, and TIA may see some short-term gains.
Bitcoin (BTC) is facing resistance above the psychological barrier at $70,000, but a positive sign is that the bulls have not ceded much ground to the bears. Bitcoin is down marginally by just under one percent this week.
Bitcoin’s range-bound action over the past few days has not hampered investments into the spot Bitcoin exchange-traded funds. Farside Investors data shows more than $2.1 billion in net inflows into the Bitcoin ETFs since May 14. This suggests that the investors are accumulating Bitcoin, anticipating a breakout to the upside.
Veteran trader Peter Brandt is bullish on Bitcoin in relation to gold in the long term. In a post on X, Brandt said that the ratio of gold to Bitcoin is likely to remain volatile for another 12-18 months, but after that, the rally could hit a new high where 100 ounces of gold is needed to buy one Bitcoin. Currently, each Bitcoin is worth about 29 ounces of gold.
Bitcoin is hogging all the limelight, but SOL, AR, GRT and FTM are also trying to move higher.
Bitcoin (BTC) has risen over 8% this week, indicating that lower levels continue to attract buyers. Generally, in a range, traders buy near the support and sell close to the resistance. This suggests that the price may reach the top of the range at $73,777, but clearing this hurdle might be difficult.
Analysts are divided in their opinion about Bitcoin’s next directional move. Some believe that the correction is over and Bitcoin will break out to a new all-time high, while others expect Bitcoin to turn down to retest the $60,000 support and go lower. It is difficult to predict the direction of the breakout from a range with certainty. Hence it could be prudent to wait for the price to start a new trend before establishing large trading positions.
As Bitcoin consolidates, traders may look toward altcoins for short-term trading opportunities. Although a full-blown altseason has still not arrived, select altcoins are likely to present trading opportunities.
Bitcoin price looks stuck in the near term, but TON, RNDR, PEPE and AR could surprise traders by making a strong upside move.
Bitcoin (BTC) could not hold its recovery this week, signaling that the bears have not given up and are using the rallies to sell. Bitcoin is on track to finish the week with a loss of more than 4%. The longer the price stays closer to $60,000, the greater the possibility of a downside breakdown.
However, analysts remain bullish on the price action in the post-halving cycle. According to Cane Island Alternative Advisors founder and investment manager Timothy Peterson, Bitcoin could soar to anywhere “between $175,000 - $350,000 in the next 9 months.” Peterson cautioned in a X post that “this bull market will end in January 2025.”
Despite the sideways price action, select traditional finance companies are adding Bitcoin to their portfolio. JPMorgan Chase and Wells Fargo reported exposure to spot Bitcoin exchange-traded funds in their May 10 filing with the United States Securities and Exchange Commission. Although the allocation to Bitcoin is small, it looks to be a step in the right direction.
Bitcoin's range-bound price action could lead traders to focus on NEAR, AR, CORE and BONK.
Bitcoin (BTC) attempted to start a relief rally this week but met with intense selling pressure near $67,000. The largest cryptocurrency by market capitalization is on track to end the week with a minor loss of about 2%.
Popular trader and analyst Rekt Capital believes that Bitcoin has “entered the Post-Halving ‘Danger Zone’” where it could see a further dip within the next two weeks. Another negative in the near term is the net outflows from the spot Bitcoin exchange-traded funds. Farside Investors reported that the ETFs witnessed a net outflow of $218 million on April 25, after a $120 million outflow the previous day.
When the price trades in a large range, it is difficult to predict the direction of the breakout with certainty. Traders could buy near the support and sell at the resistance by keeping a suitable stop loss, or stay on the sidelines until a breakout happens.
A decentralized data storage altcoin surged more than 104% this week amid the rollout of a new project. AR, the native asset of Arweave, a protocol that aims to enable permanent data storage on an open and decentralized network, is trading at $27.79, up from $13.62 one week ago. AR’s gains largely materialized after Sam […]
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